Obama continues U.S. immunity from claims to Iraq’s oil dollars

POTUS protects Iraq from creditors in continuation of 2003 policy. Companies and countries claim Iraq owes billions in unpaid debt and damages from Saddam Hussein era.

BAGHDAD - U.S. President Barack Obama has extended the protection offered to Iraqi funds kept in the United States since 2003 for yet another year.

The money has been protected by both the United States and United Nations in part to ensure Iraqi revenues aren't depleted by claims from countries, companies and individuals who seek damages from incidents perpetrated by Saddam Hussein, as well as those who funded Saddam Hussein's regime through business dealings that went unpaid.

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.